Franklin Mutual Correlations

TEMEX Fund

USD 18.41 0.07 0.38%

The current 90-days correlation between Franklin Mutual Beacon and Omni Small Cap Value is 0.81 (i.e., Very poor diversification). The correlation of Franklin Mutual is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Franklin Mutual Correlation With Market

Very poor diversification

The correlation between Franklin Mutual Beacon and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Mutual Beacon and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Franklin Mutual Beacon. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

Moving together with Franklin Mutual Fund

0.98	TEDSX	Franklin Mutual Global	Pair Corr
0.98	TEDRX	Franklin Mutual Global	Pair Corr
0.81	SAIFX	Clearbridge Large Cap	Pair Corr
0.69	SAPYX	Clearbridge Appreciation	Pair Corr
0.77	TFEQX	International Equity	Pair Corr
0.96	FRBSX	Franklin Balance Sheet	Pair Corr
0.61	WAPAX	Western Asset E	Pair Corr
0.85	FROTX	Franklin Vertible	Pair Corr
0.68	FRTSX	Franklin Lifesmart 2020	Pair Corr
0.93	FRVLX	Franklin Small Cap	Pair Corr
0.69	FAFRX	Franklin Floating Rate	Pair Corr
0.68	FSMRX	Franklin Small Mid	Pair Corr
0.91	FBFQX	Franklin Managed Income	Pair Corr
0.67	FTCCX	Franklin Conservative	Pair Corr
0.71	FTCOX	Franklin Efolio Allo	Pair Corr
0.7	FTWRX	Templeton World	Pair Corr
0.91	FCISX	Franklin Income	Pair Corr

Related Correlations Analysis

	BOSVX	PEVAX	NESGX	UMBHX	RYSVX	XWDIX	PSBMX
BOSVX		0.92	0.65	0.89	0.94	0.8	0.95	BOSVX
PEVAX	0.92		0.65	0.9	0.98	0.84	0.91	PEVAX
NESGX	0.65	0.65		0.61	0.6	0.43	0.59	NESGX
UMBHX	0.89	0.9	0.61		0.89	0.87	0.95	UMBHX
RYSVX	0.94	0.98	0.6	0.89		0.85	0.93	RYSVX
XWDIX	0.8	0.84	0.43	0.87	0.85		0.88	XWDIX
PSBMX	0.95	0.91	0.59	0.95	0.93	0.88		PSBMX
	BOSVX	PEVAX	NESGX	UMBHX	RYSVX	XWDIX	PSBMX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Mutual Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Franklin Mutual's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BOSVX	0.98	0.04	0.09	0.13	0.92	(1.13)	2.21	(1.78)	5.03
PEVAX	0.90	0.20	0.09	(1.17)	0.72	(1.05)	2.25	(1.35)	4.35
NESGX	1.24	0.09	0.11	0.16	1.16	(1.47)	3.07	(2.18)	7.40
UMBHX	0.84	0.08	0.10	0.17	0.72	(0.97)	1.77	(1.49)	4.80
RYSVX	1.10	0.34	0.19	(1.49)	0.82	(1.38)	3.02	(1.70)	5.52
XWDIX	0.15	0.05	(0.14)	(0.91)	0.18	(0.18)	0.34	(0.13)	1.75
PSBMX	0.68	0.09	0.12	0.19	0.55	(0.80)	1.56	(1.36)	3.63

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Franklin Mutual Correlations

Franklin Mutual Correlation With Market

Very poor diversification

Moving together with Franklin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY